Hi everyone,
Hope you can help
I am an Aussie citizen and transferred two private pensions (NPI AND SCOTTISH WIDOWS) to Australia (ASTERON OPTIMUM/SUN CORP SUPER) on 4.8.2006. . I was self employed in Australia and did not make any contributions to this Super. In 2012 on my 55th birthday I cashed in the whole of my Super tax free.
I have now been informed that I am due a small work pension from Barclays bank in the UK. I would like to take the full lump sum (around 25000 pounds).
My question is, does the fact that I cashed in my Aussie super in 2006 affect my LIFETIME ALLOWANCE ?
Its all very confusing...
I look forward to a reply